Give an example of each of the following:

a. A good that is rivalrous in consumption and is excludable.

b. A good that is nonrivalrous in consumption and is excludable.

c. A good that is rivalrous in consumption and is nonexcludable.

d. A good that is nonrivalrous in consumption and is nonexcludable.

Identify each of the following as an adverse selection or a moral hazard problem

a. A person with car insurance fails to lock his car doors when he shops at a mall.

b. A person with a family history of cancer purchases the most complete health coverage available.

c. A person with health insurance takes more risks on the ski slopes of Aspen than he would without health insurance.

d. A college professor receives tenure (assurance of permanent employment) from her employer and begins to work less hard.

e. A bank gives out a loan to a person who does not have a stable job.